Technical analysis NAS100 for 19.01.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 16975. The closest resistance is the level 17100

Key levels

• 17200, 17100, 16975, 16900, 16775

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 16975, with Take Profit of 17100 and Stop Loss of 16900

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 16900, with Take Profit of 16775 and Stop Loss of 16975